Overview
One caselet is required, each representing 8 percent of your grade, and any of the case-lets in the course are free to be written up. Caselet write-ups must be completed and submitted individually. NO CHATGPT OR AI WRITING TOOLS. IT IS DETECTABLE
The case-study approach has long been used in business schools as a way of improving business managers’ thinking and understanding. The caselets that we will discuss are chosen to highlight examples of microeconomics in action. The articles represent microeconomic concepts as seen in the business world and are taken directly from the business and popular press.
Each written caselet should be no more than a maximum of 2-pages and you should spend no more than a paragraph or two explaining the case events. The caselet is not a time to summarize the entire caselet, instead, you need to focus on the economic lessons that you have been taught and really think about why we assigned that caselet to that specific topic’s readings. Please address: What economic tools have you been taught to help analyze both the circumstances discussed in the assigned caselet and the decisions made by management?
Suggested Format for Caselet Analysis
- Provide references (textbook, lectures, outside readings, ..... etc.).
- One and 1 /2 pages max, not including references (single-spaced).
- First paragraph, brief summary of case.
- Second paragraph, What is the economic problem? Why did I assign the caselet in that week’s reading?
- Next two paragraphs, What have you learned in this course about the solution to that Economic Problem from Economic Theory?
- Final paragraph or two, What is your opinion? Synthesize what you learned and state a clear opinion.
CASELET TOPIC: Monopoly and Monopolistic Competition - Industry Structure